Remote Quality Bookkeeping

JUNE 26, 2023

The term refers to the rules your business must follow when reporting revenues and expenses. The two primary accounting methods are cash accounting and accrual accounting. Hybrid accounting, as the name implies, is a mixture of cash and accrual accounting.

Accruals 52

Accruals Accounting Accounting Bookkeeping 52

Remote Quality Bookkeeping

JUNE 26, 2023

The term refers to the rules your business must follow when reporting revenues and expenses. The two primary accounting methods are cash accounting and accrual accounting. Hybrid accounting, as the name implies, is a mixture of cash and accrual accounting.

Accruals 52

Accruals Accounting Accounting Bookkeeping 52

CapActix

SEPTEMBER 10, 2024

Structured bookkeeping systems for small businesses can maintain accurate financial records, streamline financial processes, and make informed decisions. Here is the ultimate guide for small businesses that will provide essential bookkeeping practices.

Bookkeeping 52

Bookkeeping Bookkeeping Services Outsourced Bookkeeping Financial Records 52

Remote Quality Bookkeeping

JULY 24, 2023

While GAAP unquestionably has advantages, it’s also important to consider its limitations and potential disadvantages for certain businesses. Rigidity: GAAP rules don’t provide any specific allowances for small businesses or sole proprietorships. For instance, GAAP requires the use of accrual basis accounting.

Financial Reporting 52

Financial Reporting Bookkeeping Financial Statements Accruals 52